According to HDFC Securities, gold rose by Rs 249 to Rs 51,500 per 10 grams in the national capital on Thursday, reflecting overnight gains in international precious metal prices.
In the previous trade, the yellow metal had closed at ₹51,251 per 10 grams.
Silver also rose by ₹ 365 to ₹ 68,218 per kg from ₹ 67,853 per kg in the previous trade.
In the international market, gold was trading at $ 1,937 an ounce and silver was trading marginally higher at $ 25.22 an ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Spot gold of 24 karat rose by Rs 249 in Delhi, reflecting overnight rise in COMEX gold prices despite a firming rupee.
He said the rise in gold prices in the overseas market also supported the fall in US bond yields.